It’s known to all that the landscape in China is littered with foreigners who tried to launch Internet businesses here. Very few have succeeded whereas Fritz Demopolous, co-founder and CEO of Qunar is a rare exception.
Qunar raised its Series A in 2006 and is currently among the three top travel sites in China. In June 2011, Baidu announced that it invested US$306 million in Qunar while allowing it to remain an independent entity.
So if you came to China and wanted to startup your own business here, don’t miss next week’s Startupweekend Beijing event, where you’ll get to pitch your idea to the #1 Laowai (expat) in China tech space and hear his comments and suggestions.
Startup Weekend Beijing is going to be held January 13-15th at the Holiday Inn Express Dongzhimen on 1 Chunxiu Road. Organized by Red Pagoda Resources, this event will draw talented developers, UI/UX designers and product managers and challenge them to bring an idea to launch over the course of the weekend.
Beginning Friday night (Jan 13), attendees will get 2 minutes to pitch their ideas and teams will form around the selected ideas. In the following 54 hours, teams will work together to turn their idea into a product to pitch to a room of investors and a judging panel will select a winning team. The confirmed judges are Fritz Demopoulos, CEO and Co-Founder of Qunar.com, Xiaojun Li, Partner at IDG, and Robbi Jiang, Investment Director at BlueRun Ventures .
Prizes include an exclusive opportunity for the winning team to pitch AngelVest.
Previous winners include Apricot Forest, a mobile health start up that is now funded by BlueRun Ventures; and WoDaChe, a social carpooling application, which is now backed by Dave McClure’s 500Startups.
For more information as well as the registration link, go to startupweekendbeijing.com!
luckily i’ll be in Beijing when the show is on.
Another successful internet business launched by foreigners in China is Meijob.
Attending the meeting will get more ideas and suggestions,what is more,we will get more inspired.